Prize
A prize is an award to be given to a person, a group of people like a sports team, or organization to recognize and reward actions or achievements.[1] Official prizes often involve monetary rewards as well as the fame that comes with them. Some prizes are also associated with extravagant awarding ceremonies, such as the Academy Awards.
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Prizes are also given to publicize noteworthy or exemplary behaviour, and to provide incentives for improved outcomes and competitive efforts. In general, prizes are regarded in a positive light,[1] and their winners are admired. However, many prizes, especially the more famous ones, have often caused controversy and jealousy.
Specific types of prizes include:
- Booby prize: typically awarded as a joke or insult to whoever finished last (e.g., wooden spoon award).
- Consolation prize: an award given to those who do not win, but still (at least) recognized.
- Hierarchical prizes, where the best award is "first prize", "grand prize", or "gold medal". Subordinate awards are "second prize", "third prize", etc., or "first runner-up" and "second runner-up", etc., or "silver medal" and "bronze medal". (In some contests, "grand prize" is more desirable than "first prize".)
- On game shows in the UK, the term is "star prize", while in Australia, it is "major prize".
- Purchase prize or acquisition prize: a monetary prize given in an art competition in exchange for the winning work.
See also
- Medal
- Prize (law)
- Prize money, monetary award that is given to someone after they have won a competition.
- Prizes named after people
- Repechage
References
- Prize, definition 1, The Free Dictionary, Farlex, Inc. Retrieved August 7, 2009.
External links
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